Export Finance and Insurance Corporation Amendment (New Mandate and Other Measures) Bill 2013

Type: Government
Portfolio: Trade and Competitiveness
Originating house: House of Representatives
Status: Before Senate
Parliament no: 43
Summary: Amends the:
Export Finance and Insurance Corporation Act 1991
  to: provide for the circumstances in which the Export Finance and Insurance Corporation (EFIC) can provide insurance or another financial service or product on its commercial account; enable EFIC to guarantee loans for foreign based subsidiaries of certain Australian based companies; exclude public service personnel from the EFIC board; and apply competitive neutrality principles to EFIC’s commercial account operations; and
Corporations Act 2001
  and
Insurance Contracts Act 1984
  to make consequential amendments.

Progress

House of Representatives
20 Mar 2013	Introduced and read a first time
20 Mar 2013	Second reading moved
16 May 2013	Referred to Federation Chamber
16 May 2013	Second reading debate
16 May 2013	Second reading agreed to
16 May 2013	Reported from Federation Chamber
16 May 2013	Third reading agreed to

Senate
16 May 2013	Introduced and read a first time
16 May 2013	Second reading moved

Documents and transcripts

Text of bill

First reading

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

No documents at present

Notes

Referred to Committee (21/03/2013): Senate Foreign Affairs, Defence and Trade Legislation Committee; Report due 17/06/2013

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Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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